BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — DigitalBridge Group, Inc. (DBRG) on Thursday reported third-quarter net income of $31.4 million.
The Boca Raton, Florida-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $3.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $100.3 million.
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